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flag China's August new loan figures fell short of forecasts, signaling persistent economic weakness.

flag In August, Chinese banks issued 590 billion yuan in new loans, below economists' forecasts of 800 billion yuan. flag Total social financing rose to 2.57 trillion yuan, up from July. flag The M2 money supply grew 8.8% yearly, slightly higher than expected. flag New loan figures indicate persistent weakness in China's credit demand, prompting Beijing to plan subsidies for generating more loans and boosting domestic spending.

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